234 North Chicago Street

Los Angeles, CA 90033

$3,025,000
Price
8
Beds
22
Baths
13,440 Sq. Ft.
$225 / Sq. Ft.
13,440
Sq. Ft.
$225
per Sq. Ft.

Description

Great opportunity to buy 22 units in Boyle Heights. There is an assumable loan of $1,760,000 at 3.325% fixed until July 2026. The building is separately metered for electricity and master metered for gas.Great opportunity to buy 22 units in Boyle Heights. There is an assumable loan of $1,760,000 at 3.325% fixed until July 2026. The building is separately metered for electricity and master metered for gas.
  1. Listed by Henry Garcia • DRE #01303784 • Brokerage DRE #01180851 • Real Broker

Property Details for 234 North Chicago Street

Zoning
LAR4
Parcel Number
5183003022
Total Units
22.0
Living Area
13440
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
3 vacant
Lot Size Area
9004
LISTING UPDATED: 08/30/2024 12:31 PM

Property Details for 234 North Chicago Street

StatusActive
MLS #24-418837
Days on Market151
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.21 AC / 9,004 SF
CountyLos Angeles County

Building Information for 234 North Chicago Street

Stories2Residences-Year Built1928Building Size-Lot Size0.21 AC / 9,004 SF

Property Information for 234 North Chicago Street

Community / Development
Community / Development
  • Number Of Units: 22
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Financing: Assumed
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $359,020
  • Net Operating Income: $216,408.00
  • Gross Income: $370,056
  • Cap Rate: 7.15%
  • Gross Rent Multiplier: $8.17
  • Total Annual Expense: 142612
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2067
  • Lot Size Square Feet: 9004
  • Lot Size Dimensions: 50x180
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-23-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $818.00
  • Unit Actual Rent: $1,636.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,384.00
  • Unit Actual Rent: $19,379.00
  • Unit Projected Rent: $29,848.00
  • Like Units: 14
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,607.00
  • Unit Actual Rent: $9,642.00
  • Unit Projected Rent: $14,442.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,302,813.00
  • Assessed Improvement Percent: 58.87
  • Assessed Land Value: $910,262.00
  • Assessed Land Percent: 41.13
  • Assessed Total Value: $2,213,075.00

Property History for 234 North Chicago Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 234 North Chicago Street

Taxable ValueLand$928,467Additions$1,331,704Total$2,260,171
Tax Record2024$29,097 ($2,425 / month)
Home Facts
Total Finished SqFt13,440 SqFtAbove Grade Finished SqFt13,440 SqFtLot Size9,001 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLAR4CountyLOS ANGELESAPN5183-003-022

Schools near 234 North Chicago Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sheridan Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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234 North Chicago Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on July 23, 2024 by Real Broker, it's currently listed at $3,025,000. It has been on the market for a total of 151 days and was last sold on December 7, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Sheridan Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 234 North Chicago Street is a 8-bed, 22-bath, 13,440 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, Henry Garcia, DRE #01303784

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.